Weaker Euro is a Bear Necessity

Bearish Bets on Euro Finally Starting to Pay Off

They say patience is a virtue. Investors betting on a weaker euro have had to be patient indeed. But the tide may slowly be turning in their favor.

So far, virtue has had largely to be its own reward for euro bears. The single currency has fallen just 1.8% against the dollar year-to-date, although it is down a chunkier 3.5% from its May 8 peak. But at $1.35 it is still uncomfortably strong for those euro-zone member states needing to...